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ePaper created 2012-04-27, 18:43:33 | version 1.23.1
RESPONSIBILITY STATEMENT BY ThE EXECuTIVE BOARD We declare that to the best of our knowledge, in line with the accounting policies to be applied, the consolidated financial statements present a true and fair view of the net assets, financial position and results of operations of the Group and the Group Management Report presents the situation of the Group and the course of business including business performance which is a fair and accurate view, and describes the essential opportunities and risks of the likely development of the Group. Hamburg, 17 April 2012 Claus-Matthias Böge Olaf Borkers DES Annual Report 2011 67